and for part D. what if rates fall to 6%?

You will be paying $11.700 a year in tuition expenses at the end of the next two years. Bonds currently yield 7% Q. What is the present value and duration of your obligation? (Do not round intermediate calculations, Round "Present volue" to 2 decimal places and Duration" to 4 decimal places.) Presenta Duration years b. What is the duration of a reto.coupon bond that would immunize your obligation and its future redemption value? (Do not round intermediate calculations. Round "Duration" to 4 decimal places and "Future redemption volue" to 2 decimal places.) Duration Future redemption value c. Suppose you buy a zero-coupon bond with value and duration equal to your obligation. Now suppose that rates immediately Increase to 8%. What happens to your net position, that is, to the difference between the value of the bond and that of your fution